Passenger vehicle sales log steepest decline in nearly 18 years
The dip last month is the worst since September 2001, when sales had dropped by 21.91%.:
Passenger vehicle wholesales in India witnessed the steepest decline in nearly 18 years, dropping by over 20% in May, as continued weakness in retail offtake forced manufacturers to cut production in order to adjust to market demand.
The passenger vehicle (...
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